IQSTEL Issues Shareholder Letter, Highlights $400M Revenue Run Rate And Reaffirms $1B Target By 2027

 IQSTEL Inc. (NASDAQ:IQST), a leading provider of telecom, fintech, AI, and cybersecurity services, today released a comprehensive shareholder letter recapping a recent investor interview conducted by Michael Poarch with the company's CEO and CFO. The letter outlines key milestones including the company's NASDAQ uplisting without raising funds, strong revenue trajectory approaching a $400 million annual run rate, active EBITDA generation, recent acquisitions, and its bold $1 billion revenue goal by 2027. The management team also shared details of ongoing engagement with institutional investors and family offices, all aimed at accelerating shareholder value without raising funds.

Dear Shareholders,

We're thrilled to share with you the highlights from a recent in-depth interview conducted by Michael Poarch with our CEO and CFO. For over six years, Michael has followed IQSTEL's journey, and his thoughtful questions gave us the perfect opportunity to reflect on our past accomplishments, share our current momentum, and present our bold vision for the future.

The full interview captured the essence of IQSTEL — our unwavering commitment to transparency, sustainable growth, and shareholder value. Below is a comprehensive recap and summary of the most relevant insights.

This letter presents a comprehensive summary of the most relevant insights from that conversation.  https://www.youtube.com/watch?v=PpV2l-MHH0k.

From OTC to NASDAQ — Direct Listing without raising funds

IQSTEL's recent uplisting to NASDAQ is a rare milestone in the small-cap world: it was achieved without raising funds. This remarkable achievement is a testament to the discipline of our leadership team and the strength of our financials. We met every NASDAQ requirement organically — from establishing an independent Board and audit committee to strengthening our equity position — and we did it all while preserving shareholder value.

Our leadership chose a path that avoided the typical shortcuts. We opted not to raise capital through dilutive instruments. Instead, we focused on building shareholder equity, reducing debt, and delivering consistent growth.

$400M Run Rate in Sight – Reaching Critical Mass

In 2018, our revenue was $13 million. In 2024, we're tracking nearly $300 million. And in Q3 2025, we expect to cross a $400 million annual run rate — ahead of our original year-end schedule. This achievement stems from a deliberate, multi-year strategy that has combined organic growth, strategic acquisitions, and tight financial execution.

We're already generating positive EBITDA and net income in our operating subsidiaries. And we're not stopping there —, we plan to begin reporting of both revenue and EBITDA, reflecting our increasing profitability and financial maturity, in our goal to $1 billion dollar revenue company.

Fintech, Telecom, AI & Cybersecurity — The Future is Here

IQSTEL's foundation is in telecommunications, but we've expanded to build a robust ecosystem of complementary high-tech services. Today, our revenue is comprised of approximately 80% telecom and 20% fintech — and that fintech share is growing fast.

We've launched AI-powered services, including:

• IQ2Call.ai : Our AI call center agent is already deployed in the U.S. and Spain, generating new revenue.
  
  
  
   
• AIRWEB.ai: A multilingual web/phone AI customer service agent.
  
  
  
   
• Cycurion Partnership: Offering AI-driven cybersecurity tailored for telecoms.

These aren't just concepts — they're real products generating traction, built on our trusted relationships with over 600 telecom operators in 21+ countries.

Strategic Acquisitions – And More to Come

In July 2025, we closed the acquisition of Globetopper, adding $60–$70 million in annual revenue and positive EBITDA. This acquisition also kickstarted the relaunch of our fintech division, and we have an internal plan to grow Globetopper's contribution to over $100 million annually.

And yes — we have identified our next acquisition target. While details remain confidential, our strategy is clear: acquire businesses that immediately contribute significant EBITDA in the millions range, reinforce our core capabilities, and create synergy within our telecom-fintech-AI framework.

$1 Billion Vision — Why It Matters

We've set a bold but achievable target: $1 billion in annual revenue by 2027. This isn't just about a number — it's about reaching the scale and EBITDA levels of publicly traded peers. At that level, we project $20–$30 million in EBITDA per year. With sector peers trading up to 20x EBITDA multiples, with $1 Billion revenue.

Today, IQSTEL trades below 1x revenue, but our roadmap is designed to bring us closer to peer valuation multiples — by knocking on institutional doors, eliminating debt, growing EBITDA, and delivering consistent results.

Built for the Long Term – Executing with Discipline

IQSTEL is not a hype-driven story. We are a disciplined, transparent, and hardworking company run by executives with deep experience in managing global operations — from Verizon to Telecom Italia. Our team sets clear annual and monthly goals, monitors each subsidiary's performance, and executes with military precision.

We understand our responsibility: this company belongs to our 20,000+ shareholders. That's why we've always communicated openly — through monthly updates, shareholder letters, and detailed public filings. Transparency is not a buzzword for us — it's our operating principle.

Institutional & Family Office Outreach – No Dilution, Just Opportunity

We've started actively knocking on the doors of institutional investors and family offices, presenting our story, vision, and roadmap. Our goal is clear: gain awareness and encourage them to purchase shares on the open market — with no new share issuance or dilution involved. We believe our fundamentals speak for themselves, and we are now socializing our business case with long-term capital sources who align with our vision.

Why Believe in IQSTEL?

If you're looking for a company that quietly and consistently delivers — IQSTEL is it. We don't overpromise. We under promise and overdeliver.

We've built a trusted platform to sell multi-million-dollar solutions to the biggest telecom players on Earth. Now, we're leveraging that platform to introduce high-margin tech products in AI, fintech, and cybersecurity.

We are not in the spotlight yet, but not for much longer

In Closing

We thank you — our shareholders — for your trust and belief in IQSTEL. This is a pivotal moment. We're no longer just a growth story. We're an execution story.

Stay tuned — the best is yet to come.

Sincerely,

Leandro Iglesias

President & CEO

And

Alvaro Quintana

CFO